Digital Turbine (APPS) is seeing more consistent execution and improved visibility into its fiscal 2027 outlook, supported by a steady run of quarterly beats and raises, BofA Securities said in a Wednesday note.

The brokerage highlighted improving monetization trends driven by expanded use of first-party data, stronger targeting capabilities and better ad pricing. The brokerage said these factors are enhancing performance in the company's advertising growth platform.

BofA also pointed to increasing diversification across geographies and customer verticals. Higher mix of international revenue and a more balanced business profile are improving resilience and reducing sensitivity to macro-driven demand fluctuations, according to the note.

The investment firm added that Digital Turbine's 2027 outlook points to about 13% revenue growth. It also sees steady earnings before interest, tax, depreciation and amortization margins and views it as reflecting both continued AGP momentum and conservative assumptions around device-related revenue.

BofA upgraded its rating on the stock to buy from neutral with a price target of $7.50.

Shares of Digital Turbine were up more than 52% in Wednesday trading.

Price: 7.33, Change: +2.52, Percent Change: +52.39